Hi,

EC stands for European Commission.In EC Sales Lists are used when reporting the VAT on sales to the EU. The EC Sales List contains information on sales and transfers of goods and services to VAT registered companies in other EU countries, with EC standing for European commission.Distance sales within the European Union include cross-border sales of goods and services to a private consumer (B2C) in another EU Member State when the seller doesn’t meet face-to-face with the customer. Organisations must ensure that the VAT on distance sales is paid to the Member State in which the goods or services are delivered.

While this regulation mainly applies to eCommerce sales to private EU consumers, it is also valid for mail order sales and telesales.

The Union One-Stop Shop (OSS) is an online portal where businesses can register for the OSS and declare their intra-community distance sales. Each EU member state integrates an online OSS portal.

The EU intra-community Distance Selling feature helps your organisation comply with this regulation by creating and configuring new fiscal positions and taxes based on your company’s country.

Regards